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Lease Agreement - Get professional Opinion

By
Real Estate Agent with JKA Properties (Meli G Realty & Investment Group)

Did you know that one little word on your lease can cost you a fortune? If you say maintenance vs. damages, you end up collecting nothing form your tenant that just destroyed your property? I found that out the hard way! The judge said if it didn't specifically say: Tenant to pay for any and all damages, any maintenance issues, neglect, damgage to the property will go unaccounted for.

If you have rental property,  do yourself a favor and take all your paperwork to a specialized attorney to review it and make sure if you had to ever enforce any item on your lease, you will be able to do so in front of a court judge. And as a backup, check your insurance to make sure it too will be on your side if needed.

Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Meli~ It's amazing how one little word could ruin it for you!  Thanks for the suggestion!  Vickie

Nov 16, 2008 02:55 AM
Michelle Tucker ~ Pooler Real Estate
!Daley Real Estate - Pooler, GA
Rincon~Savannah~Richmond Hill

Meli:  I will have to let our property manager know to review the lease agreement. It is sad to hear that someone can destroy and damage ones property and not be held reliable.  Best of luck with future rentals in the Clarksville area.

Nov 19, 2008 10:49 AM